59-1404. Realty acquired. When a foreclosure sale or a sale on execution for the recovery of a debt due the estate is had, or redemption is made, the executor or administrator shall receive the money paid and execute the necessary satisfaction or release. If bid in by the executor or administrator, the real estate shall be treated as personal property, but any sale or lease shall be made pursuant to article 23. If not so sold the real estate, and if so sold or leased the proceeds, shall be assigned or distributed to the same persons and in the same proportions as if it had been a part of the personal property of the decedent.
History: L. 1939, ch. 180, ยง 102; July 1.
Structure Kansas Statutes
Article 14 - Management And Sale Of Assets
59-1402 Continuation of business.
59-1403 Foreclosure of mortgage.
59-1405 Order in which assets to be appropriated.
59-1406 Specifically bequeathed property.
59-1407 Sale of personal property.
59-1408 Refund of legacies and distributive shares.
59-1410 Sale of realty; conveyance to bona fide purchaser; effect.
59-1411 When realty fraudulently conveyed to be included.
59-1412 Sale of part or whole.
59-1413 Sale under will; exercise of power; tax liens and claims.